| Building name | Paramount Building |
| Primary address | Paramount Building - 1501 Broadway |
| Secondary address | 201-215 W 43rd St |
| Neighborhood | Theatre District - Times Square |
| Zip code | 10036 |
| Borough | Manhattan |
| Block & lot | 01015-0029 |
View detailed information on past sales, title documents and property taxes, including the assessed market value, in their dedicated tabs.
| Purchase date | 11/01/2017 |
| Purchase price | $28,050,000 |
| Tax class | Register |
| Estimated property tax | $9,098,277 |
| Lot sq. ft. | 41,586 |
| Lot dimensions | |
| Property type | Office Only with or without Commercial - 20 Stories or More (O4)
|
| Building sqft | 686,603 |
| Building dimensions |
| School district | 2 |
| Community district | 5 |
| Closest police station | 0.43 Miles |
| Closest fire station | 0.21 Miles |
View more neighborhood information such as transportation, nearby schools and risk designations in the dedicated tab.
This historic masterpiece was originally built in 1926 as the headquarters for Paramount. The Paramount Building stuns with its Aztec pyramid like Art Deco form and was named a New York City landmark in 1988. Designed by Rapp and Rapp architects, this NYC office building offers almost 700,000 square feet of space spread across 33 floors. Located in the heart of New York City, it's within 5 blocks of The Rockefeller Center, Grand Central Terminal, and the famous dinning of Hell's Kitchen.
The original Paramount Theatre was revered for its glamorous decor including ceiling frescos, and one of the largest pipe organs ever built. In its early days the building hosted hot and important talent ranging from Frank Sinatra and Jerry Lewis to Elvis Presley, and more. The surrounding area is busy and full of shopping and dining options, both high-brow and pedestrian. The building is close to the 42nd St. station for subway lines 1, 2, and 3, and the Port Authority Bus Terminal for lines A, C, and E.
New York property reports include comprehensive occupancy, development and violation information. Create a free account to access valuable data points such as:
You will find all alternate addresses for the property in this section.
This Office Only with or without Commercial - 20 Stories or More (O4) located at Paramount Building - 1501 Broadway, New York, NY 10036 has a total of 686,603 square feet and a current price per square foot of $40.
What is the year built & the current market value of Paramount Building - 1501 Broadway, New York, NY 10036?Paramount Building - 1501 Broadway, New York, NY 10036 was built in 1927 and has a current tax assessor's market value of $187,201,000.
How many commercial spaces does this building have?This building has 201 commercial spaces available for lease. There are 13 active listings at this address.
View property contacts like owners, building management, representatives from permits and tenants with a free account. For LLC-owned properties, access manually researched real owners and phone numbers.
| Listing type | For Lease |
|---|---|
| Last updated | 05/06/2026 |
| Lot size | 0.95 Acre |
| Suite name | Space type | Lease rate | Available space | Brokers |
|---|---|---|---|---|
| 3rd Floor | General Office | Listing price not available | 40,912 | Matthew T. Leon Nathan Kropp Stephen P. Gordon Taylor Walker Jared Isaacson Samuel Spillane Ryan Alexander |
| 22nd Floor | General Office | Listing price not available | 12,681 | Stephen P. Gordon Matthew T. Leon Nathan Kropp |
| 21st Floor | General Office | Listing price not available | 12,681 | Stephen P. Gordon Matthew T. Leon Nathan Kropp Ryan Alexander Samuel Spillane Jared Isaacson Taylor Walker |
| #501 | General Office | Listing price not available | 11,578 | Matthew T. Leon Nathan Kropp Stephen P. Gordon Ryan Alexander Samuel Spillane Jared Isaacson Taylor Walker |
| #515 | General Office | Listing price not available | 9,851 | Matthew T. Leon Nathan Kropp Stephen P. Gordon Taylor Walker Jared Isaacson Samuel Spillane Ryan Alexander |
| 10th Floor | General Office | Listing price not available | 13,193 | Matthew T. Leon Nathan Kropp Stephen P. Gordon Taylor Walker Jared Isaacson Samuel Spillane Ryan Alexander |
| #2200 | General Office | Listing price not available | 12,681 | Matthew T. Leon Nathan Kropp Stephen P. Gordon |
| 7th Floor | General Office | Listing price not available | 8,397 | Matthew T. Leon Nathan Kropp Stephen P. Gordon Taylor Walker Jared Isaacson Samuel Spillane Ryan Alexander |
| #1808 | General Office | Listing price not available | 1,220 | Matthew T. Leon Nathan Kropp Stephen P. Gordon |
| #1730 | General Office | Listing price not available | 2,198 | Matthew T. Leon Nathan Kropp Stephen P. Gordon |
| #2100 | General Office | Listing price not available | 12,681 | Matthew T. Leon Nathan Kropp Stephen P. Gordon |
| #803 | General Office | Listing price not available | 4,581 | Taylor Walker Jared Isaacson Samuel Spillane Ryan Alexander |
| #802 | General Office | Listing price not available | 10,178 | Taylor Walker Jared Isaacson Samuel Spillane Ryan Alexander |
Create a free account to view the complete sales history for 1501 Broadway, New York, including title documents, transfer conditions, mortgages, liens, and pre-foreclosures.
*Here are the three most recent sales for this property.
To view the complete history of deeds, mortgages, assignments of leases and rents, and more, sign up for free. Available data goes back to 1966.
R: Recorded date
D: Document date
Access detailed property tax data for Paramount Building - Paramount Building - 1501 Broadway, New York, NY 10036. Tax information included: property tax, market value and assessed value, exemptions, abatements, and assessment history.
| Tax year: | 2025-2026 |
| Property tax: | $8,918,293 |
| Estimated property tax: | $9,098,277 |
| Tax assessor's market value: | $187,201,000 |
| Assessed value: | $84,240,450 |
Here's the assessment & property tax history for 1501 Broadway, New York, including the evolution of the total tax rate and corresponding property tax.
| Year | Market value | Assessed value | Taxable | Tax rate % | Base tax | Property tax | Year over year change |
|---|---|---|---|---|---|---|---|
| 2025/26 | $187,201,000 | $84,240,450 | $82,211,400 | 10.848% | $8,918,293 | $8,918,293 | -0.29% |
| 2024/25 | $184,691,000 | $83,110,950 | $83,110,950 | 10.762% | $8,944,400 | $8,944,400 | +12.12% |
| 2023/24 | $167,364,000 | $75,313,800 | $75,313,800 | 10.592% | $7,977,238 | $7,977,238 | -11.47% |
| 2022/23 | $188,098,000 | $84,644,100 | $84,644,100 | 10.646% | $9,011,211 | $9,011,211 | +0.05% |
| 2021/22 | $186,106,000 | $83,747,700 | $83,747,700 | 10.755% | $9,007,065 | $9,007,065 | -20.99% |
The complete history of permits filed for 1501 Broadway, New York, including new construction or demolition permits, plus any work pertaining to plumbing, heating and sprinkler systems is available with a free account. Available data goes back to 1990.
Access a detailed real estate market overview of Manhattan so you can assess current trends, property values, types of properties sold and transaction volume. View the median price per sqft in Manhattan and compare it to other boroughs in New York City.
Check out recently sold homes in Manhattan and see how their prices compare.
| FEMA flood zone(s): | X (See more on map) |
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Distance to Subway
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| Closest station | Broadway & 43rd St at SW Corner | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Station lines | A-C-E-N-Q-R-GS-1-2-3-7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.056 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Bus Routes
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| Name | 7 Av/W 44 St | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Line | M104 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Distance (miles) | 0.026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Here are the neighbors for Paramount Building - Paramount Building - 1501 Broadway, New York, NY 10036.
| Address | Square feet | Purchase date | Purchase price |
|---|---|---|---|
| 3 Times Sq, New York | 855,000 | 11/01/2017 | $28,050,000 |
| 249 W 43rd St, New York | 35,408 | 04/24/2002 | |
| 260 W 44th St, New York | 41,287 | 12/11/2002 | |
| 270 W 43rd St, New York | 690,000 | 01/24/2014 | $500,000,000 |
| 215 W 42nd St, New York | 12,176 | 09/14/2012 | |
| 222 W 45th St, New York | 60,232 | 12/29/2006 | |
| 246 W 44th St, New York | 31,244 | 06/16/2017 | $5,000,000 |
| 235 W 44th St, New York | 26,750 | 07/19/2011 | $125,156,067 |
| 255 W 43rd St, New York | 211,466 | 10/01/2011 | $542,227,812 |
| 250 W 43rd St, New York | 238,818 | 01/22/2015 | $191,850,000 |
| 234 W 44th St, New York | 55,486 | ||
| 694 8th Ave, New York | 23,000 | 12/11/2002 | |
| 245 W 44th St, New York | 33,250 | 07/13/2007 | |
| 1515 Broadway, New York | 1,721,814 | 12/05/2019 | |
| 236 W 45th St, New York | 25,000 | 05/15/2013 | |
| 688 8th Ave, New York | 8,484 | 07/26/2016 | |
| 213 W 42nd St, New York | 85,092 | 09/14/2012 | |
| 229 W 42nd St, New York | 84,000 | 09/14/2012 | |
| 660-666 8th Ave, New York | 150,000 | 10/20/2015 | $40,000,000 |
| 240 W 44th St, New York | 24,423 | 06/16/2017 | $5,000,000 |
